In today’s briefing:
- Amidst Changes in Purpose of Policy Shareholdings, We Should Note Whether They Are Really Decreasing
Amidst Changes in Purpose of Policy Shareholdings, We Should Note Whether They Are Really Decreasing
- The increase in foreign ownership and the decline in cross-shareholdings have encouraged management reform. In order for engagement to be effective, it is essential to further reduce cross shareholdings.
- Reasonable explanation of the reasons for such transfers as changes in the purpose of policy shareholding or contributions to retirement benefit trust must be provided in the annual securities report.
- Rising stock prices increase the value of policy shareholdings. To accelerate the reduction of policy shareholdings, numerical targets should be published, such as by setting milestones.
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